SAP ERP Solution for Capital Construction and Project Accounting in the Energy Industry

Background

Our client is a major utility company in the energy sector, operating in the Eurasian region, focused on optimizing capital construction management.

The goal of the project is to develop technological support for project activity accounting functions using SAP ERP 6.0 software, ensuring full compliance with accounting standards.

Challenges

• Formalize a single directory of types and cost objects that meets all the necessary internal corporate and legal requirements, in terms of separate cost accounting and the formation of the cost of services
• Ensure that the actual costs of capital construction are taken into account, grouped by type of costs

Solution Highlights

• Maintaining the main data of the project structure on the basis of approved coding rules. This has been implemented in accordance with both internal corporate and legal requirements, in terms of separate cost accounting and the formation of the cost of services
• Actual cost accounting of construction projects has been implemented in accordance with the accounting policy and cost allocation methodology

Key Results

• Mnemonic rules for coding capital construction objects have been developed
• Operational reporting has been generated in the analytics according to corporate requirements